Positive Performance Metrics for Canadian Hotel Industry Week Ending 3 February 2018
The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 28 January through 3 February 2018, according to data from STR.
In comparison with the week of 29 January through 4 February 2017, the industry reported the following:
- Occupancy: +1.1% to 55.6%
- Average daily rate (ADR): +3.7% to CAD144.03
- Revenue per available room (RevPAR): +4.9% to CAD80.13
Among the provinces and territories, Ontario reported the largest rise in occupancy (+3.8% to 60.8%) and the only double-digit increase in RevPAR (+10.0% to CAD89.72).
British Colombia posted the largest lift in ADR (+6.4% to CAD164.40) and the second-largest increase in RevPAR (+6.4% to CAD96.94).
The Northwest Territories experienced the only double-digit drops in occupancy (-12.8% to 75.6%) and RevPAR (-16.1% to CAD121.96).
Saskatchewan reported the steepest decline in ADR (-4.8% to CAD112.86).
Prince Edward Island saw the second-largest decreases in occupancy (-5.0% to 31.5%) and RevPAR (-6.0% to CAD33.13).
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